US SEC enforcement activity drops dramatically as agency 'resets'
Source: msn/Reuters
11h
NEW YORK/WASHINGTON, April 7 (Reuters) - Enforcement cases brought by the U.S. Securities and Exchange Commission fell more than 20% in the latest fiscal year as the regulator "recentered" its enforcement program, the agency said on Tuesday. The SEC brought 456 enforcement actions in the fiscal year that ran through the end of September, the agency said in a long-awaited annual enforcement report.
The regulator brought nearly half of those actions before the start of the Trump administration in January 2025, SEC data showed. Total monetary penalties surged to a whopping $17.9 billion, largely due to a final judgment in a Ponzi scheme case the SEC originally brought in 2009. Excluding that case, the SEC levied penalties and disgorgement of $2.7 billion. That compares to $8.2 billion in financial remedies and 583 actions a year earlier.
"We have redirected resources toward the types of misconduct that inflict the greatest harm - particularly fraud, market manipulation, and abuses of trust - and away from approaches that prioritized volume and record-setting penalties over true investor protection," SEC Chairman Paul Atkins said in a statement.
To be sure, enforcement activity typically slows during transition years as new leaders come into the building, according to experts and past data. But 2025's dramatic decline points to a deeper change in how the SEC views enforcement activity under Republican leadership.
Read more: https://www.msn.com/en-us/money/companies/us-sec-enforcement-activity-drops-dramatically-as-agency-resets/ar-AA20njrf
Link to SEC annual enforcement REPORT - SEC Announces Enforcement Results for Fiscal Year 2025
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Of course, after the greedy fat orange pig gets involved with his oily hands.
